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gist 1011L Vadim laralov Shusuke Yamada, CFA >> EX Strategist FX/Equity Strategist MLPF&S Merrill Lynch 'Japan} Carol Mang Rates Strategist John Shin FX Strategist MLPF&S Europe Raif Preusser, CFA Rates Strategist MLI Ruben Segura-Cayuela Europe Economist Mark Capleton Rates Strategist M
anization of Canada; Merrill Lynch (Mexico): Merrill Lynch Mexico SA de CV, Casa de Bolsa, regulated by the Comisi6n Nacional Bancaria y de Valores; Merrill Lynch 'Argentina): Merrill Lynch Argentina SA, regulated by Conisien Nacional de Vetoes; Memll Lynch (japan): Merrill LynchJapan Securities Co, Ltd., regula
by the Financial Supervisory Service, Memll Lynch (Taiwan). Merrill Lynch Securities (Taiwan) Ltd., regulated by the Securities and Futures Bureau; OSP Merrill Lynch (India): DSP Merrill Lynch limited, regulated by the Securities and Exchange Board of India; Merrill Lynch (Indonesia): PT Merrill Lynch Sekuritas I
rvice Board, MLI (UK): Merrill Lynch International, regulated by the Financial Conduct Authority (FCA)and the Prudential Regulation Authority (PRA', Menill Lynch (Australia): Mernll Lynch Equities (Australia) Limited, regulated by the Australian Securities and Investments Convnission; Merrill Lynch (Hang Kong)
BofA Merrill Lynch Global Research. Information relating to Non-US affiliates of BofA Merrill Lynch and Distribution of Affiliate Research Reports: LPF&S distributes, or may in the future distribute, research reports of the following non-US affiliates in the US (short name: legal name, regulator): Merr
Page: HOUSE_OVERSIGHT_010614 →by the Securities and Futures Bureau; DSP Merrill Lynch (India): DSP Merrill Lynch Limited, regulated by the Securities and Exchange Board of India; PT Merrill Lynch (Indonesia): PT Merrill Lynch Indonesia, regulated by Otoritas Jasa Keuangan (O)K); Merrill Lynch (Israel): Merrill Lynch srael Limited, regulated by
Page: HOUSE_OVERSIGHT_010614 →s and/or accredited investors (each as defined under the Financial Advisers Regulations) by Merrill Lynch International Bank Limited (Merchant Bank} (MLIBLMB) and Merrill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore} are regulated b
Page: HOUSE_OVERSIGHT_010614 →ht” rating to securities that may have been recommended in this report. MLPF: inues to ac A Merrill Ly BofA Merri nch clients and may not be re | Lynch research reports are d bited. Receip ents, opinions, conclusion, or information contained in this report ion from an authorized officer of BofA Merri
Page: HOUSE_OVERSIGHT_010615 →lph Axel Rates Strategist MLPF&S +1 646 855 6226 [email protected] Shyam S.Rajan Rates Strategist MLPF&S +1 646 855 9808 [email protected] John Shin FX Strategist MLPF&S +1 646 855 9342 [email protected] lan Gordon FX Strategist MLPF&S +1 646 855 8749 [email protected] Vadim laralov
Page: HOUSE_OVERSIGHT_010616 →Tables for the securities referenced in this research report are available at http://pricecharts.baml.com, or call 1-800-MERRILL to have them mailed. LPF&S or an affiliate was a manager of a public offering of securities of this issuer within the last 12 months: Brazil, Italy, Turkey. The issuer is or wa
Page: HOUSE_OVERSIGHT_014784 →PRA); Merrill Lynch (Australia): Merrill Lynch Equities (Australia) Limited, regulated by t regulated by the Securities and Exchange Board of India; PT Merrill Lynch (Indonesia): P Comisién Nacional del Mercado De Valores; Merrill Lynch (Brazil): Bank of America Merr This research report: has been approved for p
Page: HOUSE_OVERSIGHT_014785 →ca}: Merrill Lynch d the Prudential Regulation Authority (Hong Kong): Merrill Lynch (Asia lated by the Monetary Authority of Israel}: Merrill Lynch Lynch lidrios; Merrill Lynch KSA Company, each is defined in the rules of the by the PRA and regulated by the FCA and the PRA, and is distributed in the
Page: HOUSE_OVERSIGHT_014785 →and/or accredited investors (each as defined under the Financial Advisers Regulations) by Merrill Lynch International Bank Limited (Merchant Bank} (MLIBLMB} and Merrill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore) are regulated b
Page: HOUSE_OVERSIGHT_014785 →Cabana, CFA Rates Strategist MLPF&S +1 646 855 9591 [email protected] Ralph Axel Rates Strategist MLPF&S +1 646 855 6226 [email protected] John Shin FX Strategist MLPF&S +1 646 855 9342 [email protected] Carol Zhang Rates Strategist MLPF&S +1 646 855 8311 [email protected] Pac Rim A
Page: HOUSE_OVERSIGHT_014787 →Entities connected to both John Shin and Merrill Lynch
Pierce, Fenner & Smith Incorporated
ORGANIZATION
Bank of America
ORGANIZATION
Bank of America Corporation
ORGANIZATION
Michael Bloomberg
PERSON
Donald Trump
PERSON
United Kingdom
LOCATION
Frankfurt
LOCATION
Merrill Lynch Global Wealth Management
ORGANIZATIONMerchant Bank
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONMerrill Lynch International Incorporated
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONBaFin
ORGANIZATION
Seoul
LOCATIONMerrill Lynch Argentina SA
ORGANIZATION
the Financial Services Agency
ORGANIZATION